Finance

Finance

Azerbaijan is second among CIS countries for economic growth

09 April 2009 14:35 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijan is only second to Tajikistan among the CIS countries for GDP growth rate in January-February, said the CIS Statistical Committee.
According to the statistics, 4 of 7 countries which released figures saw a decline in GDP.

Country	GDP trend (January-February 2009, as against a year ago, %)
Tajikistan	103,9%
Azerbaijan	103,4%
Belarus	102,3%
Kyrgyzstan	98,9%
Kazakhstan	96,3%
Armenia	96,3%
Russia	88,4%
Uzbekistan	109,0%*
Moldova	107,2%*
Ukraine	102,1%*
Georgia	102,1%*

*2008 data compared to 2007

All CIS countries (except Turkmenistan, Georgia and Uzbekistan which didnâ€™t release data) also saw a deline in industrial output.

Country	Production (January-February 2009, as against a year ago, %)
Belarus	97,7%
Azerbaijan	97,4%
Kazakhstan	96,8%
Tajikistan	93,4%
Armenia	90,3%
Russia	85,4%
Kyrgyzstan	74,9%
Moldova	73,7%
Ukraine	67,2%